Developers are returning to Mexico and the Caribbean to build hotels.
According to STR Global, the Caribbean and Mexico's total active hotel pipeline has more than doubled in the previous six months as investor interest returns. real estate companies in qatar The research firm's active pipeline for June comprises 131 hotels with a total of 21,957 rooms, up from 50 hotels with 9,495 rooms in the region's active pipeline in December. According to STR, just five hotels with 354 rooms opened in the region in 2012. "Banks are gradually regaining confidence in financing on hotels," Jan Freitag, STR's senior vice president of strategic development, told WPC News. "There are a lot of people who are attempting to start projects, but they need money." Projects in the construction, final planning, and planning stages make up the region's total active pipeline. According to STR, more than 10,000 hotel rooms are now under construction, with 4,025 rooms in Mexico. The Dominican Republic (2,475 rooms), Bahamas (2,271 rooms), Pue...